Nazmiyal & Harduf Family Acquires Retail Property At 104-108 N 7th Street For $8.075M
108 North 7th Street
$8,075,000
$976/SF
Building Size
8,266 SF
Asset Type
Retail
Closing
Aug 1, 2024
About this deal
AI
The property located at 104-108 N 7th Street in Brooklyn is a retail asset that recently transacted for $8,075,000. The property encompasses a square footage of 8,266, with a price per square foot of $976.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,075,000
- Address: 104-108 N 7th Street
- Market: Brooklyn
- Square Footage: 8,266
- Price Per Square Foot: $976
- Buyer: Nazmiyal & Harduf Family
- Brokers: Ethan Stanton, Brendan Maddigan, Michael Mazzara & Connor McCullough - JLL
The transaction involved the Nazmiyal & Harduf Family as the buyer. The brokerage team representing the deal consisted of Ethan Stanton, Brendan Maddigan, Michael Mazzara, and Connor McCullough from JLL, highlighting their role in facilitating this retail property transaction in Brooklyn.
On the Map
$8,075,000
$976/SF
Retail
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Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93